ICO has reached peak popularity in the recent few years. There should be no introduction given to ICO for people who are familiar with the crypto ecosystem. Every startup with a dream of initiating a crypto business has chosen ICO as their fundraising stream and reaped massive profits. Even Microsoft has adopted an initial coin offering method and earned revenue in crores and developed its business. Hence, ICO is considered to be one of the best fundraising methods in the crypto ecosystem.
Since 2020, ICO has raised more than $13 million and the ICO market has drastically increased in the following years. The revenue generated by ICO by the end of 2022 is around $17 million and still many are going with ICO to enhance their business. Hence, ICO has become the most prominent method to be chosen for fundraising than others. Before proceeding with the ICO development process, every individual will be curious to know its cost. Since ICO development is done by adopting various methods and strategies, we cannot predict the exact cost to launch an ICO.
In this blog, we shall discuss the cost of an ICO, the factors influencing ICO costs, the average pricing of an ICO, etc. Come, let us initiate this blog without any delay.
How is the ICO Development Cost Estimated?
As said earlier, there are various factors that play a major role in influencing the cost to launch an ICO. They are,
Ideation of the project
Every new ICO emerging in the crypto space is coming with a unique idea. In that sense, the ideation of the project differs from project to project. To make an ICO more exemplary than the competitors, you’ll include some unique functionalities in your project. To be precise, your idea is your money. Hence, the idea of your ICO project will play a major role in fixing the cost of an ICO.
Timeline of the project
The time required for launching an ICO might alter based on the project’s complexity and ideation. An ICO development company will decide on and develop your ICO website as per your business needs. Hence, based on your customizations made, the ICO development time might differ vastly.
Size of the development team
The ICO developers needed for launching an ICO will be decided based on your project’s complexity. If your ICO project is a high-potential one, then you might require a vast team of well-seasoned developers to fetch your expected outcome. In that sense, the number of ICO developers working on your project will also influence the cost to launch ICO.
The complexity of the project
Based on the ICO project’s complexity level, the cost of an ICO might also alter. The complexity of the ICO might involve the features to be incorporated, characteristics of the token, token supply, etc. As these features alter, the complexity of the ICO project also alters. Similarly, the cost of an ICO might also alter.
This is also a mandatory factor to be considered meanwhile. The technical parameters that you’re including in your ICO project will play a major role in altering the cost of ICO. The architectural framework includes the blockchain chosen, token parameters, and the back-end infrastructure.
Depending upon all these factors, the cost to launch an ICO website might vary. Not only this, even the method chosen for an ICO website creation will also influence the cost of an ICO. Based on that, we shall proceed with…
What Might be the Cost of Launching an ICO Platform?
Generally, an ICO website or platform can be developed in two ideal ways viz. Development from scratch and script. To be simple, creating an ICO platform from scratch is a breathtaking process. The ICO development process from scratch will be initiated from the beginning depending on your idea and it is a long process whereas an ICO script is an immediate solution. Hence, the cost to launch an ICO might also differ for both methods.
The cost of developing an ICO from scratch might start from $40,000 and it might exceed that based on your demands. On the other hand, an ICO script costs around $8000. Based on this comparison, you might have decided on the best solution for your business. In that regard, going with an ICO script will make you initiate your business soon.
How is Choosing an ICO Script More Effective?
As discussed above, ICO Development from scratch involves numerous resources as all the procedure has to be done from the start. Not only this, but major technical processes take place here so the cost to launch an ICO platform will also cost too high. In that regard, developing an ICO from scratch is both cost and time-consuming and is a complicated process. Sounds astonishing right? No worries! Here comes the best and ideal solution i.e ICO script. You might think what is special about ICO script and what makes it sound better? Here are the following.
Being a startup, you might be interested to opt for the best solution for an immediate and effective ICO launch. Hence, it is suggested to choose a premium ICO script for your ICO development process. Basically, an ICO script is a pre-designed and developed software readily available for instant ICO development. An ICO script comes with many mind-blowing features that make your ICO website outstanding.
An ICO script is developed by skilled and experienced blockchain developers and it is multi-tested. Hence, it prevails as a ready-for-deployment tool. This ICO script comes as a wholesome package that comes with the crypto token, wallet, and a feature-rich ICO dashboard. Hence, an ICO script acts as a cost-effective tool for all newly emerging entrepreneurs. By getting an ICO script, you can customize the desired features and functionalities based on your business needs. Hence, going with an ICO script will be the best method for developing your ICO website efficiently.
How Long Does it Take to Create an ICO?
The time consumed for launching an ICO from scratch might take more than three months and it might also exceed in case of complications. You should be more patient till your ICO website is obtained in a full-furnished way. So, a lot of time has to be spent on creating an ICO platform from scratch.
On the other hand, developing an ICO website using an ICO script is a time-effective solution. Because it comes as a fully-fabricated package so that you can deploy your ICO website within a week. Even the process can be completed within the depicted time based on the complexity level of the project. Hence, based on cost and time efficiency, an ICO script will be an outstanding solution for newly emerging startups and entrepreneurs.
For getting a feature-rich ICO script, you should pick the best ICO script provider in the crypto ecosystem for getting your desired results. In that sense,
Why Should You Choose Icoclone for Your ICO Development?
Icoclone is a top-rated ICO script provider in the crypto space that excels in offering exemplary ICO scripts. Our ICO script comes with all the impeccable features that are required for an ideal ICO website launch. We have a team of skilled blockchain developers who are well-versed in developing an ICO website. You can add or customize any of the new features on your ICO website.
We not only offer ICO scripts but also STO scripts, crypto token development, crypto wallet development, smart contract development, and all crypto-related services. We offer 24/7 support for all our global clients. You can contact our team of developers and develop your desired product without any hassles. Hence, approach Icoclone and initiate your crypto business promptly!